Maxim Commercial Capital announced the addition of Lyndon Elam as Chief Operating Officer and Donald Cosenza as SVP of Business Development while steadily navigating the volatile economy during 2025. Maxim fuels small businesses and entrepreneurship nationwide in underserved market segments by providing loans and leases from $10,000 to $3 million collateralized by over-the-road trucks, trailers, construction and agricultural heavy equipment, and real estate.
“We began 2025 with an aggressive plan to invest in our most valuable asset, our people, and we are pleased to announce the expansion of our executive and operating teams,” said Michael Kianmahd, Maxim’s CEO. “Both Lyn and Don have tremendous experience, exceptional energy, and strong leadership skills to help propel Maxim into 2026 and beyond. We also expanded our operations and accounting teams with skilled, growth-minded talent to support our vision to be the nation’s preeminent alternative lender to small and mid-sized businesses.”
Founded during the 2008 financial crisis, the privately-owned lender remained a reliable funding source for small and mid-sized businesses through 2025’s market turbulence caused by shifting interest rates, an economic slowdown, disruption in the trucking markets, and tariffs. Keys to Maxim’s success over its 17 year history include its steadfast commitment to funding non-prime customers, including startups and those with challenged credit; serving as a reliable funding source for its referral network of equipment vendors and finance brokers; and offering creative funding solutions, such as no cash down transactions where the business may pledge excess equipment or real estate as collateral.
Creatively structured financings during the year included 100% purchase financing for a 20-year-old waste management company in New York with four trucks, and a pending $1.0MM contract, to purchase a $200K 2022 Isuzu FTR Diamond Truck outfitted for trash bin cleaning secured by a first lien on the newly purchased truck and the business owners’ home; a $110K real estate secured term loan to refinance $99K in high-rate MCA loans for the experienced owner of a stone and garden retail store and landscaping business, reducing the borrower’s debt service by $2,400 per month; and a $42K title loan on a 2020 Peterbilt 567 Cement Mixer for an experienced contractor to fund repairs on a Class 8 Day Cab purchased at auction.
Class 8 truck financings during the year comprised loans and leases for experienced and startup owner operators in 41 states across the U.S. Representative fundings included: a $52K 2021 Peterbilt 579 with 514K miles for 25% down for an owner operator with less than two years’ time-in-business, 725 FICO, and charged off credit cards; an affordable $29K 2018 Freightliner Cascadia 125 with 560K miles for 25% down for an experienced owner operator with a 704 FICO and late mortgage payments; and a $42K 2020 Freightliner Cascadia 126 replacement truck for 25% down for an existing customer with a 542 FICO, late on auto payments, and collection accounts on credit cards who had totaled his previous truck.
“We are looking forward to deploying new credit guidelines in early 2026,” noted Elam. “Our committed team is eager to offer a broader and deeper credit spectrum across heavy equipment verticals to benefit borrowers and our vendor and finance broker referral partners.”